All Employee Benefits articles in Web Issue – Page 379
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Analysis
International reward: The advantages of offshore benefits arrangements
If you read nothing else, read this...Multinational organisations can use offshore employee benefits arrangements to provide perks such as group income protection, death in service, life insurance and pensions.Multinational pooling arrangements, which can be used to provide insurance-based benefits, operate like a profit-share arrangement and can result in savings for ...
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Article
The Oxford Diocesan Board of Finance transfers pension scheme
The Oxford Diocesan Board of Finance has transferred its defined benefit (DB) pension scheme to a multi-employer occupational pension fund.The day-to-day running of the Oxford Diocesan Board of Finance Staff Retirement Benefit Scheme is now managed by The Pensions Trust.Sally Wildman, personnel manager of the Oxford Diocesan Board of Finance, ...
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Analysis
International reward: New world order for staff share schemes
Times are changing for international employee share schemes, the Global Equity Organisation’s executive director, Michael Bendorf, tells Jennifer PatersonChanges are afoot in the international employee share scheme market. The range of employers that offer the benefit is stretching beyond conventional sectors and countries. In addition, new European regulatory guidelines will ...
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Analysis
International reward: Sponsor's comment: Employees need proper cover
Private medical insurance is a vital requirement for staff working abroad, says Teresa Rogers, international sales and marketing manager, Aviva UK Health.In the UK, we are in the enviable position of being able to access the ‘free at the point of delivery’ health services available from the National Health Service ...
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Analysis
International reward
Download a PDF of the International Reward supplementSponsor's comment: Employers need proper coverNew world order for staff share schemesThe advantages of offshore benefits arrangementsEmployers reconsider overseas assignments
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Article
Capgemini increases focus on staff wellbeing
Capgemini is increasing its focus on employee wellbeing with its new Thrive initiative.The campaign is in three phases over a six-month period, helping staff to become more aware of their vital health signs, including body mass index, hydration level, blood pressure and body fat.The consultancy introduced Water Wellpoint health kiosks ...
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Case Studies
Case study: Marriott staff create woodland
Marriott UK has introduced a carbon capture payroll-giving scheme through The Woodland Trust. By donating part of their salary, staff can reduce their carbon footprint by having trees planted.The benefit, which is aligned to Marriott's environmental strategy 'Spirit to Preserve', was communicated using its benefits website, payslip flyers and a ...
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Article
Punch Taverns introduces flexible benefits plan
Punch Taverns has introduced a range of perks to all staff through a new flexible benefits scheme this month.This follows consolidation of its pension plans in July. Called ‘The Benefits Bar’, the flex scheme is available to 2,700 salaried employees, ranging from head office support staff to pub managers.Anthony York, ...
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Case Studies
Case study: Archant reduces emissions
One-third (30%) of media group Archant's 2,000 staff have opted for lower-carbon-emitting cars through the firm's green contract hire and leasing car scheme. CLM manages the scheme, which was introduced to reduce the fleet's carbon footprint.As well as aiming to drive current CO2 emission levels from an average of 146g/km ...
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Case Studies
Case study: Diageo offers liquid assets
In its efforts to reduced its DB scheme’s deficit, Diageo, which owns a number of Scotch whisky distilleries, contributed £430 million in maturing whisky to a joint venture. This will cut the scheme deficit of almost £900 million and reduce the levy charged by the Pension Protection Fund (PPF). This ...
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Case Studies
Case study: Berkshire sets up longevity insurance
The Royal County of Berkshire was one of the first local authorities in the UK to hedge its longevity risk. Nick Greenwood, pension fund manager for the Royal County of Berkshire Pension Fund, wanted to reduce volatility around the scheme's assets and liabilities, making the employer contributions more stable and ...
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Article
UK managers’ bonus and profit shares fall
UK senior and middle managers have seen a fall in the proportion of earnings they receive in the form of bonus and profit share in 2010.The Global 50 Remuneration Planning Report which shows consultancy Towers Watson’s analysis of differing patterns of ‘at risk’ pay, found that the remuneration of senior ...
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Article
Private sector pay increases but lags behind inflation
The median pay award rose slightly to 2.2% over the latest three-month period to the end of 2010, according to the latest pay data from Incomes Data Services (IDS).The median had remained at 2% for most of last year, and the latest increase takes it to the highest level it ...
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Case Studies
Case study: Julius Baer banks on international pension plan
Swiss private banking group Bank Julius Baer offers an international pension plan for 70 employees in locations such as Singapore, Egypt and Latin America. A further 60 staff are covered by a subplan in Dubai and Abu Dhabi.The scheme, which has been in place for four years, is administered in ...
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Article
Debi O'Donovan, editor of Employee Benefits: Hold onto your hats for a year of challenges
If you like a challenge, then 2011 is going to be your year. Reward managers of all disciplines are facing months of implementing new plans and rules across a variety of benefits in order to comply with, or mitigate, incoming tax and legislation changes. This year will not be for ...
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Article
Mercer appoints head of health management consulting for EMEA
Mercer has appointed Wolfgang Seidl as head of health management consulting for Europe, Middle East and Africa.In his new role, Seidl will be responsible for developing Mercer's health management services and advising organisations on general healthcare issues, integrated models of care and absence management.Before joining Mercer, Seidl was executive director ...
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Article
Derbyshire Probation Trust signs up for new HR and payroll system
Derbyshire Probation Trust has signed a five-year contract with NorthgateArinso to provide its web-based ResourceLink Aurora HR and payroll system.The probation trust required a system that would support the transformation of the probation service to increase efficiency savings.Its new system will enable Derbyshire Probation Trust to reduce the resources required ...
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Article
Jelf Employee Benefits launches online knowledge centre
Jelf Employee Benefits has launched a new knowledge centre on its website, which will provide HR and benefits professionals a broad range of information on current legislation, technical updates and industry news.The knowledge centre will focus on the firm’s core market of small- to medium-sized organisations.It includes: an improved news ...
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Article
Dustin Hoffman paid almost £5 million for five days work
It would appear that actor Dustin Hoffman had the last laugh when working on box office comedy hit Little Fockers.The Oscar-winning star was reportedly able to negotiate $7.5 million (approximately £4.9 million) for just five days work after being asked to re-shoot some of his scenes.Hoffman plays Greg Focker's father ...
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Article
Informa adds corporate Isa and computer rental to flex
Informa has launched a computer scheme and a corporate individual savings account (Isa) in its 2011 flexible benefits.The Isa will be available to employees from April, so the business publishing company will reopen the enrolment period for flex in March to give staff the opportunity to contribute to the Isa ...